Songsheng Co., Ltd. plans to set up a joint venture to lay out the AI ​​power supply track

On February 25, Songsheng announced that in order to deepen the "power foundation building" strategy and actively deploy new productivity fields, the company plans to jointly invest in the establishment of a joint venture with Xi'an Yimai Tongchuang Consulting Service Partnership and Xi'an Yimairui Power Technology Co., Ltd.

The newly established joint venture company is tentatively named "Shenzhen Songsheng Yimai Digital Energy Technology Co., Ltd." with a registered capital of 30 million yuan. Among them, Songsheng Co., Ltd. invested 15.3 million yuan with its own funds and holds 51% of the shares. The joint venture will be included in the company's consolidated statements after its establishment.

The investment goal of Songsheng Shares is towards the digital energy market. In the future, the joint venture will use server power supply and AI power supply as its core business entities to carry out R&D, production and sales of related digital energy products. Mr. Tong Jianli, the core figure of the partner, is a senior technical expert in this field and has profound technical accumulation in the digital energy and AI power supply industries. He will serve as the legal representative and general manager of the joint venture company, responsible for the establishment of the technical team and the development of core products.

Songsheng Co., Ltd. aims to achieve complementarity through its own complete power supply industry chain and supply chain advantages, combined with the technical advantages of the joint venture partners, thereby enhancing the company's comprehensive competitiveness in the digital energy segment.

According to data, as a domestic medium and high-power LED drive power supply company, Songsheng Co., Ltd. has been focusing on high-threshold power supply markets such as outdoor, industrial and plant lighting since its establishment in 2011, and was successfully listed on the Shenzhen Stock Exchange GEM in 2021. With its rapid response to market demand and continuous investment in R&D, the company has currently established stable business cooperation relationships with a number of well-known LED lighting manufacturers.

In terms of operating performance, Songsheng Co., Ltd. has been undergoing a transformation from traditional lighting power sources to diversified energy fields in recent years. In 2025, Songsheng Co., Ltd. is expected to face a loss in net profit attributable to its parent company, but its emerging business segments have performed well.

In particular, the energy storage business will usher in explosive growth in 2025, with related revenue expected to reach 75 million to 85 million yuan throughout the year. Entering 2026, the growth momentum of the energy storage business is still strong. Revenue in the first quarter is expected to reach 40 million to 50 million yuan, and the scale in a single quarter has exceeded half of last year's full-year revenue.

This entry into the field of AI power supply is not only a further expansion of Songsheng Co., Ltd.’s business territory, but also regarded as an important attempt by Songsheng Co., Ltd. to find new profit growth points on the road of transformation.